Uber Technologies has seen its stock rise 60% in 2025, reaching record highs as investors grow confident in the company’s shift toward new markets and its partnership with autonomous vehicle firms. The surge comes as concerns about competition from self-driving technology give way to optimism about Uber’s strategic direction.
A key driver of investor enthusiasm is Uber’s collaboration with Waymo, Alphabet’s autonomous driving unit. Earlier this year, the companies launched a robotaxi service in Austin and expanded it to Atlanta in June. The Atlanta service now covers 65 square miles and uses all-electric Jaguar I-PACE vehicles powered by Waymo’s self-driving systems. Users can request rides through the Uber app at regular UberX prices.
Under the partnership, Uber manages the app, logistics, and vehicle maintenance, while Waymo provides the self-driving technology and operational systems. Uber says the collaboration now supports an annual run rate of 1.5 million autonomous trips.
The company’s stock performance in 2025 has far exceeded the broader market, which has gained just 2%. Analysts link Uber’s rally to its successful transformation from a money-losing startup into a profitable company. In the first quarter of 2025, Uber reported $1.2 billion in operating income and $1.9 billion in adjusted EBITDA, a 35% increase compared to the same period in 2024.
Despite a brief stock dip following its Q1 earnings report, most analysts have kept a positive outlook, issuing “Buy” ratings and predicting price targets between $95 and $117. The company’s ongoing expansion into grocery, alcohol, and convenience deliveries has also supported investor confidence.
The Atlanta robotaxi launch marks Waymo’s fifth U.S. market and highlights Uber’s growing role in the autonomous transport sector. As Uber strengthens its presence in both ride-hailing and delivery, analysts say the company is well-positioned for further growth in the years ahead.